CA Inc. (CA) Expected to Announce Earnings of $0.57 Per Share

Wall Street analysts forecast that CA Inc. (NASDAQ:CA) will report $0.57 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for CA’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.58. CA reported earnings per share of $0.63 in the same quarter last year, which indicates a negative year over year growth rate of 9.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that CA will report full year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.23 to $2.27. For the next fiscal year, analysts expect that the company will report earnings of $2.32 per share, with EPS estimates ranging from $2.28 to $2.34. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for CA.

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CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $0.64 EPS. CA’s revenue for the quarter was up 2.6% on a year-over-year basis.

Several analysts have recently weighed in on the stock. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Sanford C. Bernstein reissued an “underperform” rating and set a $28.00 price objective on shares of CA in a report on Wednesday, June 28th. Citigroup Inc. lifted their price target on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.09.

In other CA news, insider Adam Elster sold 166,621 shares of CA stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the transaction, the insider now owns 251,356 shares in the company, valued at $8,108,744.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ayman Sayed sold 12,920 shares of CA stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $32.19, for a total transaction of $415,894.80. Following the transaction, the insider now owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The disclosure for this sale can be found here. Insiders sold 228,429 shares of company stock valued at $7,473,593 in the last quarter. Company insiders own 0.90% of the company’s stock.

Several large investors have recently modified their holdings of CA. Northwestern Mutual Wealth Management Co. increased its stake in CA by 26.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after buying an additional 654 shares during the last quarter. Parallel Advisors LLC increased its stake in CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares in the last quarter. Acrospire Investment Management LLC increased its stake in CA by 280.0% in the first quarter. Acrospire Investment Management LLC now owns 3,800 shares of the technology company’s stock valued at $121,000 after buying an additional 2,800 shares in the last quarter. Bessemer Group Inc. increased its stake in CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after buying an additional 3,126 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in CA by 4.2% in the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after buying an additional 169 shares in the last quarter. Institutional investors and hedge funds own 71.09% of the company’s stock.

CA (NASDAQ CA) opened at 32.66 on Thursday. The stock has a market cap of $13.76 billion, a P/E ratio of 18.14 and a beta of 0.86. The company’s 50-day moving average price is $33.34 and its 200-day moving average price is $32.45. CA has a one year low of $30.01 and a one year high of $36.54.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio (DPR) is presently 56.67%.

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About CA

CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.